Word: debt
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Dates: during 1950-1959
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...invitation. Secretary Dulles, hard pressed, conceded this "imperfection," but found the decision satisfying. His remark failed to comfort the British government, which, often at its own political expense, has supported the American policies of freer trade and economic interdependence. It has managed to stabilize the pound, increase convertability, maintain debt payments, and encourage sales efforts in the dollar area-all objectives which America has been encouraging. Now, with elections approaching, it appears that the United States is abandoning these objectives and is helping the Socialists...
...some question the spending of millions to search outer space? Can't they see we desperately need more inhabited countries to whom to give democracy and cash? There might even be farmers up there, and by adding a little to our taxes and raising the national debt limit a few more billions, we could subsidize them as we have...
Habitual Corruption. Political morality under Batista, while conforming to a half-century of practice, hardly lived up to the idealistic constitution. During his seven years the gross national product soared from $2 billion to $2.6 billion, but the public debt rose from $200 million to $1.5 billion. Corruption ranged all the way from army sergeants who stole chickens to Batista himself, who shared with his cronies a 30% kickback on public-works contracts. Potbellied Chief of Staff Francisco Tabernilla and his family made off with the entire army retirement fund of $40 million. Havana storekeepers who wanted to attract crowds...
...DEBT-CEILING RISE, above "temporary" limit of $288 billion, will be requested of Congress again this year, Treasury Secretary Anderson says. President expects debt will swell to $285 billion at year's end, and "there will be a substantial temporary increase during the year," which will necessitate rise in ceiling...
...Allan. No wonder Poe was addicted to changeling fantasies of noble descent. From being a backstage baby practically weaned on gin, he became "Master Allan," was educated at school in England and sent to the University of Virginia (after less than a year he left, in disgrace and in debt...